Proof in Recovery

Early Stage

Digital therapeutics and remote patient monitoring for substance use disorders

Analytics

Raised to Date: Raised: $59,426

Aggregate Commitments $

Platform

Wefunder

Start Date

01/31/2022

Close Date

05/27/2022

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$8,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

05/31/2022

Days Remaining
Funded
% of Min. Goal

119%

% of Max. Goal

24%

Likelihood of Max
Funded
Avg. Daily Raise

$512

# of Investors

34

Momentum
Funded
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Location

Chicago, Illinois

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Proof in Recovery, with a valuation of $8 million, is raising funds on Wefunder. The company is developing digital therapeutics that will help improve treatment and recovery for substance abuse patients. The technology platform of Proof in Recovery can also be used for remote patient monitoring to provide clinicians with the data to make informed care decisions. Proof in Recovery is led by a passionate team and has a revenue opportunity of $925 million. Zachary Ratliff founded Proof in Recovery in January 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for building the alpha version of the app, branding and website design, and development and expansion of digital therapeutic exercises.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$49,000

$0

COGS

$24,500

$0

Tax

$450

$0

 

 

Net Income

$-39,875

$-2,242

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,395

$427

Accounts Receivable

$49,000

$0

Total Assets

$51,395

$427

Short-Term Debt

$24,500

$0

Long-Term Debt

$40,000

$25,000

Total Liabilities

$64,500

$25,000

Financials as of: 01/31/2022
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Proof in Recovery on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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